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May 15, 2015DuPont this morning won its proxy battle with activist hedge fund Trian Fund Management (New York), as all four of the company's director nominees were re-elected to its board, company...
May 8, 2015LyondellBasell’s fortunes have reversed dramatically in the past five years. LyondellBasell, hobbled by more than $24 billion in debt after the December 2007 combination of...
May 8, 2015Syngenta (Basel) on Friday rejected an offer from Monsanto to buy the Swiss-based pesticides and seeds group for just over $45 billion. The company says that the unsolicited offer...
May 6, 2015A previously announced petchems project planned in Belmont County, OH, is expected to require a capital expenditure of $5 billion, sources tell CW on the sidelines of the APIC 2015...
May 5, 2015The IRS has issued a proposed ruling that could jeopardize plans to put petrochemical assets into tax-saving master limited partnerships (MLPs). The document specifically states that income derived from a steam cracker would not qualify for MLP status, directly contradicting a ruling issued on 2 July 2012....
May 15, 2015Wacker Chemie, after performing well in the first quarter, today said it is raising its sales forecast for 2015. The company generated sales of €1.33 billion ($1.49 billion) in...
May 1, 2015BASF today reported its first-quarter results, beating consensus estimates, and has confirmed its outlook for 2015 of sales slightly increasing with Ebit before special items likely...
April 30, 2015Air Products reports net income of $290 million for the quarter ended 31 March, up 2% year-on-year (YOY). Earnings gains in the Americas, Asia, and performance material offset the impact of weaker European results and negative currency impacts. Sales of $2.4 billion were down 6% YOY. The company says reported adjusted earnings were $1.55/share, up 17% YOY and line with analyst estimates....
April 29, 2015Crude oil price swings in recent months, combined with a devalued euro, have created a volatile, but profitable marketplace for Europe’s petrochemical producers, according to...
April 24, 2015Shin-Etsu has made a final investment decision to proceed with a $1.4-billion ethane cracker at its Plaquemine, LA, complex, the company’s first US ethylene investment. PTT...